“Let’s Take Our Priorities Right” - Editorial
VOL:1 ISSN:33 “The Gambia still faces a heavy debt burden. Interest on government debt is expected to consume nearly 20 per cent of government revenues in 2009, mostly in interest on domestic debt. This is why in the 2010 budget, Government intends to lower the domestic debt, ease pressure on Treasury bill yields, generates savings from lower interest payments and strengthens public financial management.” The Finance Minister was quoted as saying in his 2010 budget speech.
The heavy debt the country faces should be a concern for all Gambians and more so, the government of the day but increasing tax may not be the solution to this problem as majority of Gambians are reported to be poor. Since the Minister admitted that The Gambia is faced with limited resources, we believe that more revenue generating institutions should be created in order to increase the number of employment opportunities, as well as generate more revenue for the government.
The heavy debt the country faces should be a concern for all Gambians and more so, the government of the day but increasing tax may not be the solution to this problem as majority of Gambians are reported to be poor. Since the Minister admitted that The Gambia is faced with limited resources, we believe that more revenue generating institutions should be created in order to increase the number of employment opportunities, as well as generate more revenue for the government.
